Industrial Gloves Market Size, Share, Trends, Growth, New Technologies Forecast 2020-2030 | Emerging Players: 3M Corporation, Ansell Ltd., Dipped Products Plc., Hartalega Sdn. Bhd. & Honeywell International Inc.

Industrial gloves are key elements of the industrial protective clothing and safety ecosystem. With expansion of critical industrial procedures, the demand for industrial gloves has increased significantly. The Global Industrial Gloves Market was valued at US$ 7.1 Billion in 2019. Industrial gloves provide protection against cut, abrasions, hazardous chemicals, and harmful pathogens across different industry verticals. The demand for industrial gloves has surged during the past decade due to expanding industrial operations across the globe and implementation of stringent safety norms for safeguarding industry workers and industrial processes from contaminations.

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Several industry verticals such as food & beverage, chemical, and pharmaceutical industry mandates the use of safety gloves to prevent contamination and cross contamination. Another factor fueling the growth of industrial gloves market is the prevalence of infectious diseases and increasing surgeries across the globe. For instance, the spread or Coronavirus disease or COVID-19 pandemic has resulted in rapid growth in demand for healthcare grade industrial gloves to ensure safety of healthcare professionals. With the expansion of industrial operations worldwide, enforcement of stringent safety regulations and prevalence of infectious diseases, the global industrial gloves market is anticipated to grow significantly during the forecast period.

Disposable industrial gloves to drive market growth fueled by surging demand from healthcare industry

The global industrial gloves market is segmented on the basis of product type, material, end use industry, and geography. Based on product type, the global industrial gloves market is segmented into disposable gloves and re-usable gloves. The disposable gloves contributed a dominating share to the global industrial gloves market in 2019 and are anticipated to be a dominating segment throughout the forecast period owing to strong demand from multiple industries. The reusable gloves segment is anticipated to grow at a steady compound annual growth rate during forecast period due to rising demand from manufacturing and oil & gas industry.

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Strong demand from healthcare industry to drive growth of industrial gloves market

Based on end use industry, the global industrial gloves market is segmented into automotive, aerospace & defense, oil & gas, chemical, pharmaceuticals, energy & utility, food & beverages, metal & mining, manufacturing, healthcare and others. The pharmaceutical industry contributed a prominent share to the global industrial glove market followed by chemical industry. Healthcare is anticipated to be the fastest growing segment during the forecast period owing to strong and rising demand for disposable gloves fueled by prevalence of infectious diseases. Expansion of food & beverage processing industry is anticipated to fuel growth of industrial gloves in coming years.

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Based on geography, the global industrial gloves market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America contributed a dominating share to the global industrial gloves market and is anticipated to witness steady growth during the forecast period. Strong prevalence of infectious and stringent occupational safety regulations is anticipated to fuel the growth of North America industrial gloves market in coming years. Asia Pacific is expected to be the fastest growing geography during the forecast period owing to expansion of chemical & pharmaceutical, food & beverages, healthcare and manufacturing industries across major countries such as China, India, Taiwan, and Indonesia.

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This release was published on openPR.